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Somerville committee approves $100,000 startup support for Armory tenants
Summary
The finance committee recommended approval of a $100,000 one‑time transfer from the community benefit stabilization fund to the Armory revolving fund to cover startup costs: $50,000 for a tenant-management staff position, $30,000 for entrance/call‑box work and $20,000 for custodial/startup maintenance.
The Somerville City finance committee moved on Nov. 19 to recommend approval of a $100,000 transfer from the newly created community benefit stabilization fund to the Armory revolving fund to prepare the Armory for incoming tenants.
Director Rachel Nadkarni (Economic Development) said the request covers startup costs to support onboarding: about $50,000 to hire a staff person to manage tenant onboarding and property management, roughly $30,000 to modernize the building’s front-door call-box system, and $20,000 for custodial and maintenance…
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